Construction output in South Korea slumped 8.1 percent from a year earlier in July of 2021, following an upwardly revised 5.6 percent decline in the previous month. It was the tenth consecutive month of falling construction activity, as both civil engineering (-21.4 percent vs -7.4 percent) and building activity (-3 percent vs -4.8 percent) contracted. On a monthly basis, construction output decreased 1.9 percent, following a downwardly revised 0.7 percent drop in June. source: Statistics Korea
Construction Output in South Korea averaged 1.39 percent from 1998 until 2021, reaching an all time high of 26.40 percent in November of 2016 and a record low of -30.50 percent in August of 1998. This page provides - South Korea Construction Output- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Construction Output - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Construction Output in South Korea is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Construction Output is projected to trend around 3.20 percent in 2022, according to our econometric models.